Germans love David Hasselhoff. Now add "asset managers" to the list of things American that Germans desire.

According to a



Allianz AG

( ALVZ) is in takeover talks with three American asset managers:

Waddell & Reed

(WDR) - Get Report


Franklin Resources

TheStreet Recommends

(BEN) - Get Report


Gabelli Asset Management

(GBL) - Get Report

. That's all happening while Allianz is talking with asset management company

Nicholas Applegate


If there is a deal, it would be the latest in a feeding frenzy by Allianz, which bought bond fund manager


earlier in the year. Foreign takeovers of American fund managers have been spurred along by the weak euro, increased demand for equities and globalization.